WE ARE REGISTERED UNDER VAT IN KARNATAKA. WE HAVE TAKEN FEW MACHINES ON LEASE. WE ARE GETTING LEASE MACHINERY RENT INVOICE EVERY MONTH. WHETHER CAN WE AVAIL INPUT VAT.
2 Replies
Rama Krishna.V
(Manager - Accounts)
(26 Points)
Replied 15 February 2013
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FIRST YOU TELL, WHAT FOR YOU TAKE MACHINERY ON LEASE? IF YOU ARE USING THOSE MACHINERY FOR MANUFACTURING AND RAISING TAX INVOICE WITH OUT PUT VAT YOU CAN AVAIL THE INPUT VAT.
Originally posted by : M K RAMACHANDRA |
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WE ARE REGISTERED UNDER VAT IN KARNATAKA. WE HAVE TAKEN FEW MACHINES ON LEASE. WE ARE GETTING LEASE MACHINERY RENT INVOICE EVERY MONTH. WHETHER CAN WE AVAIL INPUT VAT. |
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Abhisek Rungta
(PRACTISING CHARTERED ACCOUNTANT)
(234 Points)
Replied 15 February 2013
Agreed with Mr. Rama krishna as the purpose of use of machinery is more essential in this case.
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